Explain why scarcity is a basic problem faced by all societies?
Tuesday:
Since only people can exhibit entrepreneurship, why isn’t entrepreneurship considered a kind of labor? In short why are there not only three resources; land, labor, and capital?
Wednesday:
What are the three types of economic systems? – Describe how resources are distributed in each system? Thursday:
Syllabus
Classwork:
Supply and Demand
DO NOW: 1/12 - 1/16:
Monday:
Explain why scarcity is a basic problem faced by all societies?Tuesday:
Since only people can exhibit entrepreneurship, why isn’t entrepreneurship considered a kind of labor? In short why are there not only three resources; land, labor, and capital?Wednesday:
What are the three types of economic systems? – Describe how resources are distributed in each system?Thursday:
Friday: